Venezuela opposition boss asks Wall Street to cut off Maduro

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Tens of thousands of protesters asking for the resignation of President Nicolas Maduro flooded th.

Authorities in Venezuela say 12 people were killed overnight following looting and violence in the South American nation's capital amid a spiraling political crisis. There were also late-night barricades and some looting in Caracas' middle-class neighborhood of El Paraiso on Wednesday night. A total of 15 have died since April 19.

On Thursday, a spokesperson of the Democratic Unity Roundtable (MUD, or Unidad) coalition announced that over 220 people were injured on the second day of the protests.

Also this week, government authorities seized a General Motors plant and it was revealed they gave $500K to President Trump's inauguration all while their oil company has a fleet of oil stained tankers unable to deliver their most important export overseas.

The opposition has accused Maduro of letting state forces and gangs of armed thugs violently repress demonstrators as he resists opposition pressure for him to quit. Rights group Penal Forum said more than 500 people were arrested in relation to Wednesday's protest and 334 remained in detention.

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In recent days, unrest has erupted in the flashpoint western city of San Cristobal and several other cities - most of which were seeing new marches on Saturday.

A man was shot dead in protests in the eastern neighborhood of Petare, the local mayor said. Another mega march is scheduled for Saturday.

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GM and Movistar join a long list of global companies that have been under siege in Venezuela, either from political pressure, unpaid bills or, in most cases, economic stress due to the country's plunging currency. They plan to erect roadblocks on Monday to grind the country to a halt.

The opposition counters that Maduro, deeply unpopular as Venezuelans grapple with triple-digit inflation and shortages of food and basic consumer goods, is seeking to stay in power indefinitely by barring opposition leaders from office and quashing independent state institutions.

Maduro, 54, has been defiant, taking a confrontational tone with members of the opposition and protesters, whom he calls "vandals and terrorists". "No surrender. It is our duty to defend the constitution", said senior opposition leader Henrique Capriles.

Pressure on the socialist president has been mounting since 2014, as falling prices for Venezuela's crucial oil exports have sent the once-booming economy into a tailspin.

The unrest was prompted after the country's Supreme Court attempted to strip congress of its legislative power, a move which would have given Maduro almost complete control. But tension only increased when the authorities slapped a political ban on Capriles on April 7. "The ACS wants cooperative relations with Venezuela to be further strengthened".

"This wounded and failed opposition is trying to generate chaos in key areas of the city and convince the world that we're in some sort of civil war, the same playbook used for Syria, for Libya and for Iraq", said Socialist Party official Freddy Bernal in an internet broadcast at 1:00 a.m.

According to pollster Venebarometro, seven in 10 Venezuelans disapprove of Maduro, whose term does not end until 2019.

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